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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST
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To: Cogito Ergo Sum who wrote (49740)5/7/2009 3:54:01 PM
From: energyplay  Read Replies (1) of 218068
 
I think the wrongly classified manufacturing jobs were at least 25%, maybe one third.

So if there were 36% employment in manufacturing in the late 1950s, the comprable number with today's classifications might be 27%

So we would see MFG. employment go from 27 to 20%, not from 36 to 20 %.

One example that just occured to me - Oil companies used to run their own rigs - now they contract to SEDCO, Halliburton, Nabors, Grey Wolf, etc.

I expect these drilling operations are classified as "service jobs" since the companies are in a category called "oil service firms".
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